P272 Does Have a Big Impact on Certain Businesses
It doesn't have the most inspiring title but P272 does have a big impact on certain businesses.
That's because they will have been moved to half-hour, or HH, metering so their bills will be more accurate and offer more information about how they use energy.
For many firms, the switch has been a positive move and all of them, they tend to be larger energy users, should already have been moved to the new meters.
Essentially, the industry will class its business customers within categories that are dependent on how much energy they use and these categories are known as ‘load profiles’.
The load profile is a method to reflect the firm’s use of energy through the year.
P272 and how it affects your business
If you have never heard of P272
and how it affects your business then it may be that you are not considered to be a large energy user but if you are in a load profile class of 05 to 08 then you will, or should have, have been switched.
These numbers can be found on your meter and are in the top left-hand corner of the number plate.
The new HH meters will collect the information every 30 minutes and send it to the energy supplier so that the firm's energy bills are accurate. For those firms affected by P272 then there are no more estimated bills.
However, it's important to appreciate that the P272 switch hasn’t been created for the sake of it since it will help firms become more energy-efficient. These efficiencies will help to lower their usage and their costs.
It's also important to appreciate that the information from the new meters can be used by a potential new supplier who will have an accurate reflection of your firm's needs and can then tailor a quote to suit.
Business owner with questions about P272
Indeed, it may be that you are a business owner with questions about P272 and are looking for answers and the easiest way for doing this is to contact someone who understands how the market works and what the benefits of installing half hourly meters
The main issue to appreciate about P272 is the move by the government is to encourage greater competition in the supply of business energy and, as a consequence, help deliver lower prices for firms.
This is also a process for firms look at how much energy they are using and to see where they can make efficiencies and boost their environmental credentials as a result.
For more help about P272 and how it impacts your business, then speak with a friendly team at D-Energi.